We are waiting to see what will happen with the long-term rental inventory come the end of October of this year, when the new law limiting short term rentals changes from 30 to 90 days and longer. It is expected that we will see an increase inventory as the majority of short-term rentals will change to long-term.
Rentals Available as of August 19:
- 669 Long Term Available, 642 Rented in the Last 30 Days
- 36 Short Term Available, 5 Rented in the Last 30 Days
- 15 Vacation Available, 0 Rented in the Last 30 Days
Long-Term Rentals Information- Past 30 Days Compared to the Same Time Last Year:
- 642 Rented, up 18%
- $2,400 Median Rental Price, up 4.3%
- 28 Average Days on Market, 6 Days Slower
- Received 99.9% of Rental Price
Luxury ($4,000+/mo) Long-Term Rentals Information– Past 30 Days Compared to the Same Time Last Year:
- 55 Rented, up 3.7%
- $4,500 Median Rental Price, down 12.6%
- 30 Average Days on Market, 3 Days Slower
- Received 99.5% of Asking Price
Highest Rented Single-Family Home
Diamond Head
4 bedrooms | 4 bathrooms | 3,773 square feet living
Why this property is spectacular: Two story Villa offering panoramic views from east facing slope of Diamond Head over Kahala Coast to Moanalua Bay and Koko Head! Exclusive neighborhood near Kahala Beach, Waialae Country Club/Outrigger Canoe Club and convenient to Kahala Mall and Waikiki. Beautiful, spacious and bright 4 bedroom, 4 bathroom home with 2 car enclosed garage. Large square footage of 3,773 + private lanai areas with wonderful ocean views and a fresh tropical Air feeling. This home has high ceilings and has been recently upgraded with a new designer kitchen and GE Monogram appliances and gas stove. Fresh interior paint, custom cabinetry and new flooring. There are split A/C units in the bedrooms. Home is located on a cul-de-sac.
Rented for: $10,500/month after 118 days on market.
Highest Rented Condo
Park Lane, Ala Moana
2 bedrooms | 2 baths | 1,636 square feet living
Why this property is spectacular: The Garden Suite at Park Lane 3303 is a stunning 2 bedroom + den with 2 baths artfully designed throughout. This fully furnished home has 10′ ceilings, 2 parking stalls, upgraded with Toto washlets, motorized window coverings and closet systems. Step out into your private lanai with an outdoor BBQ and in-ground hot tub. Park Lane is in a class of its own with seven low-rise towers extending over 7 acres of lush tropical foliage and graced with exquisite world-renowned art pieces. Services include concierge, valet and beach shuttle service. The amenities include a state-of-the-art fitness center, private training rooms, his and hers spas, 75’ heated pool, children’s play area, a residential lounge, a private dining room, movie theater, video conference room and so much more.
Sold at: $15,000/month after 83 days on market.
We would be happy to answer any property management or real estate sales questions you have. Call us to schedule a private consultation at (808) 593-9826 or email concierge@caronb.com
